Analysts Set Tenable Holdings, Inc. (NASDAQ:TENB) PT at $31.94

Shares of Tenable Holdings, Inc. (NASDAQ:TENB) have been given a consensus recommendation of “Hold” by the twenty-one research firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and ten have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $30.50.

TENB has been the topic of a number of research analyst reports. Morgan Stanley set a $30.00 price objective on shares of Tenable in a report on Thursday, December 18th. Piper Sandler cut their price objective on Tenable from $40.00 to $35.00 and set an “overweight” rating on the stock in a report on Monday, January 5th. Scotiabank reduced their price objective on Tenable from $31.00 to $23.00 and set a “sector perform” rating for the company in a research note on Thursday, February 5th. Wall Street Zen upgraded Tenable from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 25th. Finally, UBS Group reduced their price target on shares of Tenable from $43.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, February 5th.

Tenable Stock Down 0.7%

Shares of TENB stock opened at $21.04 on Friday. The stock’s fifty day moving average price is $21.80 and its 200 day moving average price is $26.05. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.95 and a quick ratio of 0.94. Tenable has a 1-year low of $17.27 and a 1-year high of $37.90. The company has a market cap of $2.42 billion, a price-to-earnings ratio of -70.13 and a beta of 0.67.

Tenable (NASDAQ:TENB) last issued its quarterly earnings results on Wednesday, February 4th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.06. Tenable had a positive return on equity of 0.20% and a negative net margin of 3.61%.The business had revenue of $260.53 million during the quarter, compared to the consensus estimate of $251.79 million. During the same quarter last year, the company earned $0.41 earnings per share. The company’s quarterly revenue was up 10.5% on a year-over-year basis. Tenable has set its FY 2026 guidance at 1.810-1.900 EPS and its Q1 2026 guidance at 0.390-0.420 EPS. On average, research analysts expect that Tenable will post 0.12 earnings per share for the current fiscal year.

Insider Buying and Selling at Tenable

In related news, Director Arthur W. Coviello, Jr. purchased 12,000 shares of the business’s stock in a transaction on Monday, February 9th. The shares were bought at an average cost of $21.50 per share, with a total value of $258,000.00. Following the transaction, the director owned 51,731 shares of the company’s stock, valued at approximately $1,112,216.50. This trade represents a 30.20% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director A Brooke Seawell sold 115,000 shares of Tenable stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $24.82, for a total value of $2,854,300.00. Additional details regarding this sale are available in the official SEC disclosure. 1.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Tenable

Large investors have recently made changes to their positions in the company. Summit Global Investments grew its position in Tenable by 5.1% during the third quarter. Summit Global Investments now owns 12,930 shares of the company’s stock valued at $377,000 after buying an additional 632 shares during the period. IVC Wealth Advisors LLC grew its position in shares of Tenable by 10.7% during the 3rd quarter. IVC Wealth Advisors LLC now owns 7,344 shares of the company’s stock valued at $214,000 after acquiring an additional 711 shares during the period. CI Investments Inc. increased its stake in shares of Tenable by 40.2% in the 3rd quarter. CI Investments Inc. now owns 2,487 shares of the company’s stock valued at $73,000 after purchasing an additional 713 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Tenable by 9.4% in the 3rd quarter. Principal Financial Group Inc. now owns 9,300 shares of the company’s stock worth $271,000 after purchasing an additional 799 shares during the period. Finally, Elo Mutual Pension Insurance Co boosted its position in Tenable by 5.2% during the second quarter. Elo Mutual Pension Insurance Co now owns 16,535 shares of the company’s stock worth $559,000 after purchasing an additional 814 shares in the last quarter. 89.06% of the stock is currently owned by institutional investors and hedge funds.

About Tenable

Tenable Holdings, Inc is a global cybersecurity company specializing in vulnerability management and continuous threat exposure assessment. Headquartered in Columbia, Maryland, Tenable was founded in 2002 by Ron Gula and Jack Huffard to address the growing need for proactive network security solutions. Over the years, the company has evolved from a pioneer in open-source vulnerability scanning to a leading provider of comprehensive security platforms that help organizations identify, investigate and prioritize cyber risks across on-premises, cloud and operational technology environments.

At the core of Tenable’s product suite is Nessus, one of the industry’s most widely adopted vulnerability scanners.